This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $122k initial cash invested.
-6.35%
Cash On Cash
5.35%
Cap Rate
0.82
DSCR
$3,768
Rent
-$645
Cashflow
Cash Flow
$3,768 income − $4,413 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,768
Total Expenses
$4,413
Mortgage P&I
72%
$2,701
Property Taxes
6%
$244
Home Insurance
5%
$187
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414